PUMA Exploration Shares Its 2022 Exploration Strategy
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
PRESS RELEASE
PUMA EXPLORATION SHARES ITS 2022 EXPLORATION STRATEGY
Rimouski, December 21, 2021 – Puma Exploration Inc. (TSXV: PUMA, OTC: PUXP) (the "Company" or
"Puma") is pleased to share its fully-funded exploration strategy and program for 2022. The Company
successfully closed on December 17, 2021, a brokered private placement for total gross proceeds of
C$5,000,000.
Figure 1: 2022 Exploration Strategy and Planned Programs
The 2022 exploration program will strategically target three (3) project areas, each with specific tasks
and objectives (see Figure 1) . The program may be adjusted as the assay results from over 750
samples collected during the Fall 2021 surface exploration program, including the surface grab
samples with visible gol d ("VG") collected in the Chubby -Moose area, are received in the coming
weeks.
The final interpretation of the VTEM, MAG and Radiometric heliborne detailed survey s, drilling and
mapping data, and the compilation of a new 3D geological model will further guide the 2022
exploration program.
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
O'NEIL GOLD TREND DRILLING PROGRAM
Puma's priority for 2022 is launching a 10,000 metres drilling program in January 2022 that will target
the O'Neil Gold trend (OGT). Trenching, stripping and drilling at the OGT in 2021confirmed continuous
gold mineralization for over 750 met res with locally, very high -grade gold content. The initial 2022
drilling program will target three main areas of the OGT (see Figure 2).
Figure 2: First Priority Target Areas of the O'Neil Gold Trend to be Drilled
The first three (3) priority areas include:
A) The newly discovered quartz veins system with visible gold (VG) located between the Chubby and
Moose gold zones (see December 8, 2021, News Release);
B) The area west of holes WB21-16 and WB21-17 where grab samples with VG were collected this fall;
C) The western extent of hole WB21-02 where 5.50 g/t Au over 50.15 m was intersected; and
D) The Petitos-O'Neil gold zones located at the southern end of the OGT
WILLIAMS BROOK PROPERTY-SCALE EXPLORATION PROGRAM
Following current interpretation and modelization, the summer 2022 exploration program will include
property-scale exploration targeting the most prospective areas identified by the 2021 exploration
programs and surveys. Property-scale, VTEM, Mag, and Radiometric surveys over the entire Williams
Brook Property (see Figure 3) in addition to surface exploration and highlighted several prospective
areas within the 20,000 hectares land package.
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
Figure 3: First Priority Target Areas Over the Entire Williams Brook Property
During the first quarter of 2022, Puma will generate more advanced exploration targets, including
trenching and stripping (see Figure 3). To date, three (3) priority areas have been identified:
1. The entire 7km length of the O'Neil Gold trend;
2. The Williams 1 and Williams 2 gold trends; and,
3. The Ramsay Brook area.
The objective of the summer exploration program at the property-scale will be to identify promising
targets for an additional fully-funded 5,000 metres drilling program to be launched in the fall.
WILLIAMS BROOK CAMP-SCALE EXPLORATION PROGRAM
Following the current compilation work of Puma's entire landholdings, the Company will launch a
Camp-Scale Exploration program (see Figure 4) in the summer of 2022 to cover the Williams Brook
South, Jonpol and the Portage properties. The regional surface exploration program will include
prospecting, mapping and trenching. The targets will be generated from the regional detailed
heliborne geophysical survey done in 2021, the compilation of soil anomalies and the knowledge
acquired over the last two years modelling the O'Neil Gold Trend discovery.
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
Figure 4: Camp-Scale Exploration to be Conducted in 2022
10% of the current $5M exploration budget is allocated to camp -scale exploration. The main
objective of this program is to locate the next gold trend on those properties for the 2023 exploration
program.
The proposed programs and exploration plans are based on current information and strategy and
may change without notice following new results, acquisitions or developments. The Company will
keep shareholders informed with regular new releases and communication.
QUALIFIED PERSON
Dominique Gagné, PGeo, a qualified person as defined by Canadian National Instrument 43 -101
standards, has reviewed and approved the geological information reported in this news release.
ABOUT PUMA EXPLORATION
Puma Exploration is a Canadian -based mineral exploration company with precious metals projects
in early to advanced stages located in the Famous Bathurst Mining Camp (BMC) in New Brunswick,
Canada. The Company is committed to its DEAR strategy (Development, Exploration, Acquisition and
Royalties) to generate maximum value for shareholders with low share-dilution.
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Visit www.explorationpuma.com for more information or contact:
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
Marcel Robillard,
President, (418) 750-8510;
Mia Boiridy,
Head of Investor Relations and Corporate Development, (250) 575-3305;
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this
release.
Forward-Looking Statements: This press release may contain forward -looking statements. Such
forward-looking statements involve a number of known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or achievements of Puma to be materially
different from actual future results and achievements expressed or implied by s uch forward-looking
statements. Readers are cautioned not to place undue reliance on these forward-looking statements
which speak only as of the date the statements were made, except as required by law. Puma
undertakes no obligation to publicly update or revise any forward-looking statements. These risks and
uncertainties are described in the quarterly and annual reports and in the documents submitted to
the securities administration.